You are viewing a single comment's thread from:RE: LeoThread 2023-09-16 23:18View the full contextadailsm (58)in LeoFinance • 8 months ago There is a general consensus to #Bitcoin that a spot ETF is coming, but why doesn't the market go up #leofinance
WHy go for a spot ETF instead of buying the bitcoin itself. What are they trying do. To have some percentage of control over crypto assets?
will allow to bring investment in Bitcoin to millions of new investors. Including, institutional funds, allowing them to invest without any complexity and under a reliable regulatory regime
According to the current consensus, Bitcoin spot ETF approval rate is:
2023 -> 75%
2024 -> 95%
In summary, I think a spot ETF will not trigger a massive short-term rally, but its influence will be substantial over the long run.
In summary, I think a spot ETF will not trigger a massive short-term rally, but its influence will be substantial over the long run.
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